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1  Bitcoin / Mining / Re: Ok, this is what i don't understand... on: June 10, 2011, 02:01:46 PM

Cliche? Not sure you know what that word means. You ask for a faq and suggest that posting faqs isn't enough. You ask for more information and suggest a wiki is too much information. Sounds like you just want to complain.

As to what proverb has or has not done, well... in order: bytes in hash -because I don't think he actually cares? How many bytes in a block don't affect anyone except maybe if you are some crazy paranoid network engineer. If he wanted more information I gave him the wiki, e.g. https://en.bitcoin.it/wiki/Protocol_specification#Hashes
Fractions of bitcoins - they are not "made", so that's an easy one. It's made clear that used/tracked transactions are verified by mining blocks and that's the whole point of bitcoin.
Loads of other stuff -- that's pretty helpful, I could go on about loads of stuff about loads of stuff. But I don't make posts about that.

How typical?
Well not the website you gave this time. Thank you.

You don't care how it works, or what actually makes it reliable?
So you don't even care how many hashes it will take to make a block?
Or, what process makes bitcoins fractionated, and the fractions exchangeable between computers?

Well I hope you are not planning on making Bitcoin your primary income.
It's good for helping trade, bad for making money in the long run.

That said I would not mind having my employer pay me in Bitcoins.


2  Bitcoin / Mining / Re: Ok, this is what i don't understand... on: June 09, 2011, 06:59:17 PM
This is what i'm talking about... where is the definitive guide/FAQ/Wiki that breaks all this down.

I want a flash animation or something that puts it all into perspective..

I wish someone would make something available so i don't have to sift through the code myself and really get to the nitty gritty...

http://www.youtube.com/watch?v=Um63OQz3bjo

https://en.bitcoin.it/wiki/FAQ

https://en.bitcoin.it/wiki/Main_Page


How Cliche.

I'm sure proverb already visited every one of those pages.
Why don't you point him to the page that explains how many bytes are in a hash and how many hashes it takes to find a block.
What about how blocks are used when fractions of Bitcoins are made, used and tracked.
I can go on and on with loads of stuff not mentioned on those pages.
3  Bitcoin / Mining / Re: Ok, this is what i don't understand... on: June 09, 2011, 05:54:25 PM
This is what i'm talking about... where is the definitive guide/FAQ/Wiki that breaks all this down.

I want a flash animation or something that puts it all into perspective..

I wish someone would make something available so i don't have to sift through the code myself and really get to the nitty gritty...

If you need help decrypting the blocks I recommend starting at:
http://blockexplorer.com/
4  Bitcoin / Mining / Re: Ok, this is what i don't understand... on: June 09, 2011, 04:49:56 PM
...
because your probability of hitting a block remains the same if difficulty remains the same.
...
This is a recurring theme in all the significant conversations I have had regarding BitCoin.

Some how this "BitCoin" system has an "infinite" number of ...  blocks, addresses ... whatever.

But if this is true how can the number of coins max at 21 bl?
...Difficulty. I know.
But let's say I'm running a pool that is "big", could I not make a full list of all block for all Difficulty levels?
If the size of a block is limited than it is possible to store every block, when computers get that good(some time in the next 5 years).

If a block is ~256 Bytes of data than the total number of possible blocks is ~3*10^616, assuming a Byte is 8 bits not 16 or 32.
The size of a hard drive storing all the possible blocks would be ~8*10^618 Bytes or 8*10^606 GB
Though this would seem to be a daunting request as time moves on it will not be so impossible making this system of BitCoins obsolete.
However if a system was set up with variable block sizes....
5  Bitcoin / Mining / Re: Ok, this is what i don't understand... on: June 09, 2011, 03:38:56 PM
...
because your probability of hitting a block remains the same if difficulty remains the same.
...
This is a recurring theme in all the significant conversations I have had regarding BitCoin.

Some how this "BitCoin" system has an "infinite" number of ...  blocks, addresses ... whatever.

But if this is true how can the number of coins max at 21 bl?
...Difficulty. I know.
But let's say I'm running a pool that is "big", could I not make a full list of all block for all Difficulty levels?
If the size of a block is limited than it is possible to store every block, when computers get that good(some time in the next 5 years).
6  Bitcoin / Mining / Re: how i can create my own mining pool? on: June 09, 2011, 06:27:29 AM
Absolute silence...
I think you found a weakness.

What's that? ... You want to start a pool using Linux? ... Let me just tell you how Bitcoin works.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin Address Collisions on: June 09, 2011, 06:15:21 AM
If you were to intentionally try to make a collision, it would currently take 2^126 times longer to generate a colliding bitcoin address than to generate a block.  You could have got a lot more money by generating blocks.

What if your network of computers already generated and tested all the possible blocks?
Sure the address haystack of possibilities is much bigger and harder to test... but if the other haystack(block generating) has bean fully counted what else is there to do?
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